Equities Archives - Page 59 of 1061

1 minute read

NIO Charges Ahead: Reportedly Partners With SAIC Motor’s IM Motors, Expands Dominance In China’s EV Market

May 30, 9:45 AM

NIO's partnership with SAIC Motor Corp's IM Motors expands its dominance in China's EV market, integrating IM Motors into its charging network.

NIO

2 minute read

Burlington’s Bold Beat: Q1 Earnings Outshine Amid Market Uncertainties

By Akanksha Bakshi

May 30, 9:35 AM

Burlington Stores reports strong Q1 fiscal 2024 results, exceeding revenue and EPS expectations.

BURL

2 minute read

Birkenstock’s Q2 Revenue Rises 22%, Beats Expectations With Strong Global Demand: Details

By Lekha Gupta

May 30, 9:12 AM

Birkenstock reports Q2 revenue, adjusted EPS that beat street view. The company also raised FY24 guidance for revenue and adjusted EBITDA.

BIRK

2 minute read

Foot Locker +13% After Q1 Earnings – Here’s Why

By Nabaparna Bhattacharya

May 30, 8:46 AM

Foot Locker shares surge premarket after reporting Q1 earnings beat, bolstered by growth in global and Kids Foot Locker sales.

2 minute read

US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters

By Piero Cingari

May 30, 8:45 AM

US Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims rose to 220,000, slightly above expectations.

GLD

2 minute read

No Hugs For Build-A-Bear: Missed Q1 Earnings, Lower Sales Spark Premarket Plunge

By Lekha Gupta

May 30, 8:40 AM

Build-A-Bear totaled $114.7 million, marginally missing the analyst consensus of $120.6 million. Sales decreased 4.4% Y/Y.

BBW

2 minute read

Kohl’s Q1 Earnings: Revenue And Profit Miss, Outlook Cut, Stock Tumbles

By Shivani Kumaresan

May 30, 8:33 AM

Kohl's shares dropped as Q1 FY24 earnings fell short. Sales declined by 5.3% to $3.178 billion, missing the $3.335 billion estimate. Comparable sales dipped 4.4%, and EPS of $(0.24) missed the $0.03 consensus. The company slashed its FY24 sales growth outlook to a decline of (2%) - (4%), with EPS guidance lowered to $1.25 - $1.85.

KSS

1 minute read

What’s Going On With Oracle Stock Thursday?

By Nabaparna Bhattacharya

May 30, 8:00 AM

Oracle announces plans for two new cloud regions in Morocco, emphasizing growth opportunities in Africa.

ORCL

3 minute read

Wall Street On Backfoot As Traders Sweat Over Key Inflation Data: Economist Warns Stock Rally May Stumble If Bond Yield Crosses This Level

By Shanthi Rexaline

May 30, 7:47 AM

U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment.

1 minute read

Why HP Shares Are Surging Premarket Thursday

By Lekha Gupta

May 30, 6:59 AM

HPQ shares traded higher after reporting Q2 FY24 results with net revenue exceeding expectations and adjusted EPS surpassing consensus estimate.

HPQ